A Vongerichten culinary treat at S'pore GP
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03 September 10
The Business Times by Melissa Lwee
SINGAPORE'S reputation as a food paradise is not lost on top-tier international chefs who have been turning up on our shores, and Formula One is just one more reason for acclaimed chef Jean-Georges Vongerichten to make a return trip. The three Michelin-starred chef is the star culinary attraction arranged by Singapore GP as a special treat for its Paddock Club patrons this year. For the race ...
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Clemenceau hotel site fetches $101m
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01 September 10
The Strait Times by Fiona Chan, Assistant Money Editor
MAJOR hotel players were among 13 bidders yesterday for a hotel site at the junction of Clemenceau Avenue and Havelock Road. The highest offer of $101.11 million was lodged by RB Capital Hotels, which is controlled by a nephew of Royal Brothers Group's Asok Kumar Hiranandani. It pipped bids from established hoteliers such as The Ascott Holdings, Millennium & Copthorne Hotels and Fragrance ...
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S'pore tycoon Robin Loh dies, aged 81
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01 September 10
The Strait Times by Jonathan Kwok
SINGAPORE tycoon and former shipyard owner Robin Loh (photo) passed away last Saturday after suffering from breathing difficulties on a flight to Hong Kong. Dr Loh, who was 81, had been combating various illnesses, including Parkinson's disease, prior to his death, according to Shin Min Daily News. Born in Indonesia, Dr Loh contributed to Singapore's economy during its early years of ...
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New tourist pass for easier access
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01 September 10
The Strait Times by Lim Wei Chean & Jessica Lim
A TRAVEL agency has come up with a single pass that will let tourists enjoy the attractions they want to visit, minus the hassle of queueing for tickets.Called the Singapore City Pass, it costs between $39.90 and $48.90, depending on the combination of attractions the tourist wants to take in. The current menu includes the Singapore Flyer, the Night Safari, Underwater World and a city tour on an ...
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Havelock Road hotel site stirs developers' appetite
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01 September 10
The Business Times by Uma Shankari
A HOTEL site at the junction of Clemenceau Avenue and Havelock Road has proved to be a top draw. It attracted 13 bids and a top offer of $101.1 million or $813 per square foot per plot ratio (psf ppr) - almost double what analysts had tipped just two months ago. The highest bid came from a group of companies including RB Capital, which is owned by Kishin Hiranandani, a nephew of Asok Kumar ...
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Changes in Tung Lok's list of substantial shareholders
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26 August 10
The Business Times by Jamie Lee
TUNG Lok Restaurants (2000) has had a slight change in its pool of substantial shareholders. The Chinese restaurant operator yesterday announced that tycoon Goh Cheng Liang has ceased to be a substantial shareholder - defined as one with a stake of at least 5 per cent in the company - after he whittled his shareholding to 1.71 per cent from 6.68 per cent through a married deal on Monday. Mr Goh ...
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Shangri-La H1 profit rises 11% to US$74.8m
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26 August 10
The Business Times by Teh Shi Ning
LUXURY hotel group Shangri-La Asia yesterday posted a half-year profit of US$74.8 million, 11 per cent up from US$67.3 million a year ago. Sales rose 35 per cent to US$722.9 million for the six months ended June 30, from US$533.6 million for the same period last year. The board declared an interim dividend of 10 HK cents per share, to be paid in October. Earnings per share rose to 2.599 US ...
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UOB opens privilege banking centre at MBS
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20 August 10
The Strait Times by Harsha Jethnani
UNITED Overseas Bank (UOB) unveiled its new privilege banking centre at the Marina Bay Sands (MBS) integrated resort yesterday.The centre - the first such banking branch in MBS - is aimed at serving high-net-worth clients living offshore and visiting Singapore.Customers with at least $1million in assets under management will receive priority but those with $200,000 in assets under management, who ...
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Landmark site at City Hall draws 14 bids
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19 August 10
The Business Times by Uma Shankari
(SINGAPORE) Ten developers and consortiums handed in 14 different bids to buy and redevelop a landmark commercial site at City Hall - with the historic Capitol Theatre, Capitol Building and Stamford House on it - by the close of the state tender yesterday. Far East Organization submitted three separate bids while two bids were put in each by Wing Tai Holdings and a consortium made up of Perennial ...
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F&N - the beauty of being big
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18 August 10
The Business Times by Emilyn Yap
CONGLOMERATES are big, but the investing community does not always find them beautiful. The theory is that they are inefficient, hard to understand, and therefore worth less than the sum value of their separate business parts. It is partly for this reason that the market went abuzz over Fraser and Neave (F&N) last month. The arrival of new major shareholder Kirin reignited speculation that it ...
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New chef for Jaan
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13 August 10
The Strait Times by rebecca lynne tan
Fine-dining restaurant Jaan in Swissotel The Stamford has a new man behind the stove. Swedish chef Ebbe Vollmer has taken over the reins from Andre Chiang, who left the restaurant in June this year to open his own eatery at the New Majestic Hotel. While Chiang was at the helm, Jaan was thrust into the culinary big-time when it debuted at No. 39 on S. Pellegrino World's 50 Best Restaurants list ...
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YOG and F1 driving up hotel room rates
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13 August 10
The Strait Times by Ng Kai Ling
HOTEL rates in Singapore have spiked and are likely to stay high till the end of September, with events like the Youth Olympic Games (YOG) and the Singapore Grand Prix driving up demand. Booking through a travel agent, a night's stay at a four-star hotel like Furama City Centre or Carlton Hotel starts from $250 a room - about 40 per cent higher than in the same period last year. Travel agents and ...
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Fairmont to give guests a taste of local culture
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12 August 10
The Strait Times
DELEGATES from 25 international sports federations and national Olympic Committees can get a small taste of Singapore's culture when they arrive for the Youth Olympic Games (YOG). Those staying at the Fairmont Singapore will be presented with a Fairmont Singapore Youth Olympic Games sash, woven in silk, batik and sari fabric when they check in at the YOG's official hotel partner. Fairmont's ...
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M&C Q2 profit climbs 24% to £20.3m
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06 August 10
The Business Times by Uma Shankari
CITY Developments' (CityDev) London-listed hotel arm Millennium & Copthorne Hotels (M&C) yesterday reported a 23.8 per cent jump in second-quarter net profit to £20.3 million (S$43.6 million), from £16.4 million for Q2 2009. Q2 earnings per share were eight pence, up from 5.2 pence. Earnings rose as the company's revenue per available room (RevPAR) increased in all markets. In ...
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Ibis Singapore on Bencoolen sold to private investor
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03 August 10
The Strait Times by Joyce Teo
IBIS Singapore on Bencoolen, a three-star hotel, has been sold just 18 months after it opened its doors. Details were not disclosed but it is understood a Singapore private investor paid a figure above $200 million for it. The hotel was put up for sale via a private tender in June by joint owners LaSalle Investment Management and French hotel group Accor. They announced the sale yesterday, but ...
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